AML/CFT

Anti-money Laundering and Combatting the Financing of Terrorism (AML/CFT) regulation is currently one of the international financial sector standards which may, If not carefully implemented, impact on financial inclusion. Cenfri seeks to support compliance with such international standards in a manner that does not impact unnecessarily on financial sector development and inclusion.

 

Please view our recent publications in AML/CFT:

Conservative compliance behaviour (2011)
Cenfri managed a FinMark Trust funded study to investigate the reasons for the apparent lack of universal response by financial insitutions to the flexibility allowed by South Africa's anti-money laundering (AML) and combating of terrorist financing (CFT) regulatory requirements in relation to low-risk clients.   Click here to download the report (PDF, 506KB)  
Additional Info
  • Country South Africa
  • Institution Cenfri, FinMark Trust
  • Date Published 2012
  • Document Type Impact assessments, Research Papers, Discussion paper
The impact of RICA on financial inclusion (2010)
FinMark Trust commissioned this brief, exploratory note to consider the impact of the Regulation of Interception of Communications Act (RICA) on mobile financial services and financial inclusion. In 2009, the South African government amended RICA by introducing identification and verification measures for mobile phone users. South Africa’s experience of introducing similar requirements under the Financial Intelligence Centre Act (FICA) showed that identity verification could be a problematic requirement for the poor and may unintentionally exclude…
Additional Info
  • Country South Africa
  • Institution Cenfri, FinMark Trust
  • Date Published 2010
  • Document Type Briefing Notes
Implementing FATF standards in developing countries and financial Inclusion: Findings and guidelines (2008)
This study was conducted by Genesis Analytics, with the participation of Cenfri members, under the guidance of a steering committee consisting of representatives from the FIRST Management Unit, World Bank, International Monetary Fund (IMF), the UK’s Department for International Development (DFID), the Consultative Group to Assist the Poor (CGAP), the South African National Treasury, the FinMark Trust and Professor Nikos Passas, an acknowledged world expert on AML/CFT standards and implementation. The final report considers the impact…
Additional Info
  • Country Mexico, Pakistan, South Africa, Indonesia, Kenya
  • Institution Cenfri, Genesis Analytics
  • Date Published 2009
  • Document Type Research Papers
  •  

    AML/CFT

    Anti-money Laundering and Combatting the Financing of Terrorism (AML/CFT) regulation is currently one of the international financial sector standards which may, If not carefully implemented, impact on financial inclusion. Cenfri seeks to support compliance with such international standards in a manner that does not impact unnecessarily on financial sector development and inclusion.

     

    Please view our recent publications in AML/CFT:

    Conservative compliance behaviour (2011)
    Cenfri managed a FinMark Trust funded study to investigate the reasons for the apparent lack of universal response by financial insitutions to the flexibility allowed by South Africa's anti-money laundering (AML) and combating of terrorist financing (CFT) regulatory requirements in relation to low-risk clients.   Click here to download the report (PDF, 506KB)  
    Additional Info
    • Country South Africa
    • Institution Cenfri, FinMark Trust
    • Date Published 2012
    • Document Type Impact assessments, Research Papers, Discussion paper
    The impact of RICA on financial inclusion (2010)
    FinMark Trust commissioned this brief, exploratory note to consider the impact of the Regulation of Interception of Communications Act (RICA) on mobile financial services and financial inclusion. In 2009, the South African government amended RICA by introducing identification and verification measures for mobile phone users. South Africa’s experience of introducing similar requirements under the Financial Intelligence Centre Act (FICA) showed that identity verification could be a problematic requirement for the poor and may unintentionally exclude…
    Additional Info
    • Country South Africa
    • Institution Cenfri, FinMark Trust
    • Date Published 2010
    • Document Type Briefing Notes
    Implementing FATF standards in developing countries and financial Inclusion: Findings and guidelines (2008)
    This study was conducted by Genesis Analytics, with the participation of Cenfri members, under the guidance of a steering committee consisting of representatives from the FIRST Management Unit, World Bank, International Monetary Fund (IMF), the UK’s Department for International Development (DFID), the Consultative Group to Assist the Poor (CGAP), the South African National Treasury, the FinMark Trust and Professor Nikos Passas, an acknowledged world expert on AML/CFT standards and implementation. The final report considers the impact…
    Additional Info
    • Country Mexico, Pakistan, South Africa, Indonesia, Kenya
    • Institution Cenfri, Genesis Analytics
    • Date Published 2009
    • Document Type Research Papers
  •  

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